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CC PACKET 08242021
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CC PACKET 08242021
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8/23/2021 11:25:52 AM
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8/23/2021 11:22:46 AM
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PATH TO THE 2022 TAX LEVY <br />Debt Payments Less Debt Reduction Resources Leaves a Funding Gap, Which Equals Levy Need <br />Debt LevyLevy Amount <br />$2,487,181 <br />Gap: <br />$2,487,181 <br />2020 Debt Service <br />Obligations: <br />$3,046,791 <br />Street and Utility <br />Reconstruction, Flood <br />Mitigation, Parks <br />and City Facilities <br />Debt Levy <br />Reduction Program <br />Resources: <br />$559,610 <br />Municipal State <br />Aid, Excess Bond <br />Funds, Project <br />Savings, <br />Stormwater Fees Total Levy <br />Amount <br />$8,243,092 <br />GENERAL FUND AND LEVY <br />2021 2022 Increase <br />General/HRA $4,952,214 $5,289,711 $337,497 <br />Debt Service $2,487,181 $2,487,181 $0 <br />Capital/Building/Infrastructure <br />Improvements $426,200 $466,200 $40,000 <br />Overall Levy $7,865,595 $8,243,092 $377,497 <br />Total Percent Change 4.80%
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